Why LendingClub Stock Plunged on Wednesday
Shares of LendingClub Corp. (NYSE: LC) are down about 20% as of 11 a.m. EST Wednesday after the company said it was tightening credit standards. The company reduced guidance for the remainder of the year to account for lower origination volume.
Compare LendingClub's full-year guidance it gave in August to the guidance it gave in November and you'll see a marked change in fourth-quarter expectations for revenue and adjusted EBITDA.
Metric
Source: Fool.com
LendingClub Corp. Stock
€8.50
-1.050%
With 9 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 10 € shows a slightly positive potential of 17.62% compared to the current price of 8.5 € for LendingClub Corp..
